Framingham MA Real Estate Market Report February 2015

Framingham Massachusetts Real Estate Report February 2015

Do you want to see what has gone on in the Framingham Real Estate market for February along with year over year comparisons? Take a look below for complete details on the Framingham Real Estate market. While you are here also take a look at the Real estate agents guide to Framingham Massachusetts to learn why the town is a popular choice with home buyers, including information on town history, schools, demographics and more.

Framingham MA Real Estate Activity For February 2015 vs February 2014

In February of 2015 there were 21 homes that closed within the month for Framingham Real Estate. This is an increase of 12 units sold, as there were 20 homes that closed in February of 2014.

The average list price for the homes that closed in February of 2014 was $316,405

The average list price for the homes that closed in February of 2015 was $344,695

The average sale price for the homes that closed in February of 2014 was $309,024

The average sale price for the homes that closed in February of 2015 was $332,788

The average market time for the homes that closed in February of 2014 was 74 days.

The average market time for the homes that closed in February of 2015 was 81 days.

Homes Under Contract For February 2015

21 homes went under agreement in the month of February. The average list price of the homes that went under agreement was $398,081. The average time on the market for these homes were 64 days. February was a fair month for homes going under agreement.

January 2012 – 2014 Final Year Real Estate Market Statistics For Framingham Massachusetts

For the period of January to December of 2014 there were 500+ properties sold.

For the period of January to December of 2013 there were 500+ properties sold.

For the period of January to December of 2012 there were 473 properties sold.

For the period of January to December in 2014 the average list price was $380,466 the average sale price was $373,815 the average market time was 60 days.

For the period of January to December in 2013 the average list price was $368,219 the average sale price was $362,717 the average market time was 63 days.

For the period of January to December in 2012 the average list price was $338,711 the average sale price was $329,877 and the average market time was 99 days.

Current February 2015 Home For Sale Inventory Levels

The are currently 49 homes on the market in Framingham Massachusetts. The average list price of these homes is $539,598 The average days on the market is 165. Inventory levels increased from last month when there were 41 homes for sale.

Framingham MA Real Estate Market Analysis

Analysis of current Framingham market.

Inventory had been trending upwards over the course of the end of the year but changed rapidly over the last few months and now is exceptionally low. There was a bump upwards this past month going from forty to forty nine but under fifty homes available for purchase is unheard of! This should change by quite a bit over the course of the next few months as the spring market is at our doorstep.

I expect the market to be very vibrant with homes selling very quickly. In some of the price points where there is no inventory there will be bidding wars and homes selling for over asking. This market is primed for sellers and a tough one for buyers to deal with.

Sales for 2014 were nearly identical to what we saw in 2013. Overall the market was excellent.

February was an average month for closed sales with 21 sales. This was up from last year at the same time but by a very small margin with one additional sale.

The amount of homes going pending in February was also average with 21.

Closed homes this year vs last

Framingham ended 2014 with over 500 sales. This was the case in 2013 as well. The multiple listing service stops tracking the exact amount once the 500 sale mark is reached so I do not have the exact amount for each year.

The above Framingham Real Estate statistics are for single family homes ONLY and do not include condominiums or multi family homes.

About Bill Gassett

Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past twenty nine plus years. He has been one of the top RE/MAX Realtors in New England for the past decade. In 2015 he was the #5 RE/MAX real estate agent in New England. Connect with him on Google+

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Massachusetts Real Estate exposure is a marketing site designed to give Massachusetts home seller’s a dominant online presence. Massachusetts Real Estate Exposure is owned and operated by RE/MAX Realtor Bill Gassett, who covers the Metrowest Massachusetts area and beyond including Ashland, Bellingham, Blackstone, Framingham, Franklin, Grafton, Holliston, Hopkinton, Hopedale, Medway, Mendon, Milford, Millbury, Millville, Northborough, Northbridge, Shrewsbury, Southborough, Sutton, Wayland, Westborough, Worcester, Upton and Uxbridge MA. Bill Gassett has been one of the top RE/MAX Real Estate agents in New England over the last decade plus. In 2015 he was ranked as the #5 RE/MAX Real Estate agent in New England.